1408 Main St 6 Unit Apartment Building $249,000 ($41,500/Unit) 13.05% Cap Rate Endicott, NY 13760

Offered for sale is a 10-unit multifamily asset located along East Main Street in Endicott, New York, a well-traveled corridor with consistent demand and convenient access to surrounding amenities. Positioned directly adjacent to a Dunkin' location and within close proximity to Route 26 and public transportation routes, the property benefits from strong tenant accessibility and day-to-day convenience.
The property consists of 2 residential buildings, with 6 apartments in the front building and 4 apartments in the rear building. The unit mix includes 1-, 2-, and 3-bedroom apartments, providing broad tenant appeal and leasing flexibility. Each unit is separately metered for electric and features electric baseboard heating along with individual hot water heaters, creating a streamlined utility structure. Tenants are responsible for their own electric usage, while the landlord currently covers gas, water, sewer, and garbage.
An additional value-add opportunity exists through the potential acquisition of the neighboring lot at 1406 E Main Street, which is under separate ownership and may be available for purchase to provide additional parking.
With in-place income and a manageable operating profile, the property presents a straightforward investment opportunity. The combination of location, unit mix, utility configuration, and potential for expanded parking supports stable occupancy while offering opportunities to further optimize operations and improve overall returns.